Pepe Coin Price Prediction as PEPE Rallies 65% in a Month – Time to Buy?
The Pepe Coin price has increased by 0.5% in the past 24 hours, with its rise to $0.00000155 marking an impressive 65% gain in the last 30 days.
PEPE is also up by more than 2,500% since CoinGecko began tracking its price on April 18, although the meme token is actually down by 64% since reaching an all-time high of $0.00000431 on May 5.
This mixed performance leaves PEPE in a slightly uncertain position, with the altcoin regaining some momentum in the past few weeks, but with it also some way off the pace it set a couple of months ago.
But with signs that whales are still interested in PEPE as a vehicle for relatively quick profits, the meme token could still witness further rallies in the near future.
PEPE's indicators find the meme token in a relatively weak position at the moment, although once they bottom out they could signal a rally.
The altcoin's 30-day moving average (yellow) is currently diving towards its 200-day average (blue), and in the next few days it could fall bellow the longer term average, at which point a recovery would be due.
There's also PEPE's relative strength index (purple), which couldn't quite reach 50 this morning and is already slipping down again, potentially indicating that it will need to drop closer to 30 before a substantial rebound arrives.
On the other hand, the meme token's support level (green) has risen in the past week or so, meaning that PEPE should fall that much further before it begins gaining again more consistently.
While PEPE has no real fundamentals to speak of, it does seem that investors – including larger investors – remain interested in the token, something which suggests that it can continue to enjoy rallies from time to time.
For instance, transaction and blockchain data
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